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2/20/2008  Wed

A Difficult Day

KLAC and QCOM  


Gapper's Eye utilizes our original unique stock scanner, Break Scan, and sophisticated chart software, CQG. With nominal fee, the Break Scan is available to our members.  

The Kamikaze Gap Play was introduced to the U.S. traders in the August 2005 issue of Active Trader Magazine.

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The Nasdaq gapped down on the open.

The green dot indicates the opening price.

It's not going to be an easy day.

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Excerpts from Net Aid:

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2008-02-20 22:59:18 hatch shadow
Good evening.

2008-02-20 23:03:00 hatch shadow
The Nasdaq closed decisively below the 20-day MA yesterday. Currently, the futures are  weak.

2008-02-20 23:03:35 hatch shadow
Many stocks will be opening lower.

2008-02-20 23:04:10 hatch shadow
GOOG has the biggest downside gap. It will open at a 5-day low. It is a short candidate.

2008-02-20 23:05:02 hatch shadow
Here are the charts.

2008-02-20 23:05:23 hatch shadow
‚a‚h‚c‚t is another short candidate.

2008-02-20 23:05:46 hatch shadow
‚r‚o‚v‚q. This one is hard to borrow.

2008-02-20 23:05:54 hatch shadow
‚b‚q‚n‚w, a short candidate.

2008-02-20 23:06:10 hatch shadow
WFMI. This one is hard to borrow.

2008-02-20 23:06:17 hatch shadow
More short candidates...

2008-02-20 23:06:31 hatch shadow
‚l‚d‚k‚h

2008-02-20 23:06:49 hatch shadow
‚`‚l‚y‚m.

2008-02-20 23:07:18 hatch shadow
‚b‚n‚r‚s

2008-02-20 23:08:00 hatch shadow
GRMN is gapping up, a long candidate.

2008-02-20 23:08:11 hatch shadow
The weekly chart does not look good, but this one is today's long prospect.

2008-02-20 23:08:24 hatch shadow
More long candidates...

2008-02-20 23:08:54 hatch shadow
‚e‚v‚k‚s, a 30-min. pattern candidate.

2008-02-20 23:09:06 hatch shadow
PCLN has excellent chart patterns, a 30-min. gap candidate.

2008-02-20 23:09:21 hatch shadow
‚s‚d‚u‚`

2008-02-20 23:09:41 hatch shadow
‚r‚s‚k‚c

2008-02-20 23:10:24 hatch shadow
ILMN

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2008-02-20 23:10:49 hatch shadow
‚d‚r‚q‚w

2008-02-20 23:11:08 hatch shadow
‚b‚s‚r‚g

2008-02-20 23:11:12 hatch shadow
Pay attention to this one.

2008-02-20 23:11:29 hatch shadow
‚a‚t‚b‚x, nice charts.

2008-02-20 23:11:41 hatch shadow
‚a‚l‚q‚m

2008-02-20 23:16:04 hatch shadow
PAYX, a hatch 3 stock, formed a wide range down bar.

2008-02-20 23:16:14 hatch shadow
It had a good chart pattern, but nonetheless ended weak. This kind of thing could happen once in a while.

2008-02-20 23:30:09 hatch shadow
The market has opened.


2008-02-20 23:30:22 hatch shadow
Long ‚f‚q‚l‚m.

Down $108 for 200 shares.

It was a 5-day high. It was a magic cross. It took out the prior day's resistance. But, the stock still reversed to the downside.


2008-02-20 23:30:35 hatch shadow
Short GOOG as planned.

A 5-day low and a magic cross.

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Up $131 for 50 shares.

2008-02-20 23:31:39 hatch shadow
Long ‚j‚k‚`‚b.

2008-02-20 23:31:58 hatch shadow
‚`‚l‚y‚m

Up $92 for 200 shares.

The daily is in a downtrend.

The daily is in a downtrend.

Up $240 for 500 shares.

2008-02-20 23:32:42 hatch shadow
‚o‚b‚`‚q�@

Up $65 for 500 shares.

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2008-02-20 23:33:40 hatch shadow
‚p‚b‚n‚l

Up $160 for 500 shares.

2008-02-20 23:34:04 hatch shadow
‚f‚h‚k‚c, a 30-min. gap pattern.

The gap was too big.

2008-02-20 23:34:19 hatch shadow
‚f‚n‚n‚f is moving lower.

2008-02-20 23:34:35 hatch shadow
Also ‚a‚h‚c‚t.

2008-02-20 23:36:54 hatch shadow
‚f‚q‚l‚m may be bought at the lower boundary.

Up $200 for 200 shares.

2008-02-20 23:37:38 hatch shadow
NDAQ is on hatch 3.

2008-02-20 23:39:31 hatch shadow
‚b‚n‚r‚s

Up $150 for 500 shares.

2008-02-20 23:46:50 hatch shadow
hatch 3

2008-02-20 23:49:11 hatch shadow
Short ‚m‚c‚`‚p here.

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The Nasdaq formed a wide range up bar.

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Gapper's Eye Index

Daytradenet Top


Charts courtesy of CQG

Source: 2006 CQG, Inc. All rights reserved worldwide.

 


Red and blue zones show the gap of the preceding day.
The Green zone indicates the profitable zone of trading
.

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